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| SEPTEMBER 16, 2003 |
Shipping News
- Rickmers sets new course with liner-style service
AFTER nearly 165 years in the conventional cargo business, Rickmers-Linie has charted a new course for the sector as the breakbulk and project specialist operates its new nine-vessel US$270 million fleet on a fixed schedule, liner-style round-the-world service.
- Pelepas port's throughput up 37% in first half
EVERGREEN Marine Corp's shift from Singapore to Malaysia's Port of Tanjung Pelepas has helped boost the Johor port's throughput 37 per cent in the first half of this year.
- Typhoon wreaks $86m damage at Busan port
BUSAN Port, South Korea's busiest, has losses amounting to 57.6 billion won after about 20 per cent of its cranes were damaged by the strongest typhoon to hit the country in a century.
- UK still mulling passage of US 'ghost fleet'
BRITISH maritime authorities said last Wednesday they had still not approved the passage into UK waters of a fleet of 13 polluted US ships destined to be scrapped in Britain.
Air and Land Transport
- Decision on KLM-Air France deal likely this week
DUTCH airline KLM faces a crucial week as it strives to seal a partnership with Air France and membership of the SkyTeam alliance of airlines that should ultimately create the world's top grouping.
- HK airport passenger traffic continues rebound
- FedEx adds more flights through HK
- Vietnam Air to fly direct to Fukuoka
- FAA urged to rethink modernisation scheme
- First commercial air service
Features
- Congestion looms as US airports cut spending
EDWARD Manfreda shifts in his vinyl seat as he awaits a flight to Miami from New York's John F Kennedy International Airport.
Bulletin Board
- Bulletin Board
THE recently retired chief executive of the UK Maritime & Coastguard Agency , Maurice Storey, has been appointed chairman of Evergreen Group's UK affiliate Hatsu Marine from December 1.
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| SEPTEMBER 16, 2003 |
- Fuzhou and Xiamen to develop major freight hubs
- NYK Logistics finds WhereNet to be best in the yard
- CN opens new Winnipeg intermodal terminal
- CSXT strengthens commitment to Atlanta
- CMA CGM strikes deal to improve service
- UPS welcomes 'open skies' agreement
- Emirates SkyCargo adds Istanbul and Frankfurt to schedule
- Continental adds US$103m to pension plan
- Atlas Air net loss deepens in first half
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- Evergreen planning $ 3-bn expansion - ...to upgrade fleet with 49 new ships over 10 years
- Maurice Storey appointed Chairman of Hatsu Marine
- CSCL to offer new service between Shanghai & West Africa in Oct.
- ECU-Line’s new range of services
- OOIL’s first-half profit soars to record $ 79.5 m
- Hamburg Sud shortens sailing time to HK on Asian Pacific service
- P&O Ports handles 26 pc more containers in Q2
- ZCS to call at Xiamen
- China sets 100-m TEU target for 2010
- Africa’s first maritime simulation training academy inaugurated
- Asian exports, rising rates spark demand for boxships
- Bengal Tiger Line extends service to Vizag Port - Maiden call on Sept. 21
- Flexibility clause invoked for export of ‘sensitive’ textiles to EU
- Palm oil imports resume
- Kandla Port registers growth in April-Aug. despite months of deluge
- Transporters’ stir hits iron ore movement to Paradip Port
- Bidders set terms for developing Vallarpadam box terminal
- Port workers to get interim PLR/bonus
- ACHAA, ASAA express concern - ‘Inconsistency of box movement’ between ICD-Ahmedabad & ports
- Use of North-South corridor can cut transport cost by 30 pc, estimates official
- GAL 2003 to focus on automotive supply chain planning
- Forex reserves up by $ 692 million to $ 86,255 million
- Industry registers 5.6 pc growth in July
- Negotiations on tax revision to begin today - India, Singapore peg withholding tax at 5 pc
- Uniform price for wheat & products in the offing
- Move over Viagra, here comes Viaa tea!
- Forex reserves go up by $ 1.1 billion
- Economy poised for growth: Expert
- HR coil prices spurt by Rs 500 a tonne
- Inflation rate touches 3.88 pc
- India, Israel form joint farm panel
- Economy poised for high growth, says Jaswant
- London Mayor invites corporate funds from India
- CII, Ficci criticise revised Cancun draft
- ICCI welcomes financial package for textile industry
- Excise return forms made easy
- ITC chief to lead CII team to Israel
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| SEPTEMBER 15, 2003 |
- Bearish Baltic sees avails improve gradually
Supply in the area as a whole seems to be improving although a few problems still linger.
- Technical support is a must says Lintec
In the event of off-spec fuel it is vital for fuel testing companies to provide their customers with the proper levels of technical support.
- IPE announces introduction of parallel trading for Brent
- Tallinn: Avails improved but storm threatens supply
While avails are improved, weather conditions are threatening supply operations this week.
- OPEC's crude basket near mid-range after 2-week fall
With OPEC's crude basket now near the middle of its target range, the oil market may think twice abut sending prices much lower, or else OPEC could surprise the market by deciding on a pre-mature cut in production.
- Crude little changed near 4-month low
At present, the market is optimistic that there will be sufficient time for the US to rebuild stocks of heating oil in time for peak winter demand.
- St Petersburg defies regional bearish trend
- Californian Bunker Tax: Unanimous vote for SB 808
Senate Bill 808 (SB 808), which seeks to reinstate Bunker Sales Tax exemption in California, achieved unanimous support during votes at the end of last week, clearing the way for SB 808 to be presented to the Californian Governor's office very shortly.
- Rotterdam market softens with crude
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| SEPTEMBER 15, 2003 |
- Bribery accused found dead in jail cell
- Nuclear sub will be salvaged
- "Sea-Land Express" successfully refloated
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| SEPTEMBER 15, 2003 |
- FMC works settlement with TSA and two other agreements
- Olympia Airport hires Parker as interim manager
- Number of Washington ports win awards in AAPA competition
- Port of Portland share findings on PDX noise reduction system
- CBP hires Anchorage firm to maintain security devices
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| SEPTEMBER 16, 2003 |
- Pusan picks up pieces of typhoon carnage
South Koreans spent yesterday sifting through the wreckage caused by Typhoon Maemi, the worst winds to hit the country on record and one that clobbered the shipping industry hardest of all.
- Bilateral trade deals to leave poorer countries ‘in limbo’
THE dramatic collapse of the World Trade Organisation talks in Cancun following a walk-out by developing country delegates looks certain to have a major impact on world trade.
- Owners await news of newbuildings wrecked by winds
A rash of damaged near-completed vessels greeted South Korea’s shipbuilders on their first day back to work after the Lunar Full Moon Festival yesterday, writes Sam Chambers and Brian Reyes.
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| SEPTEMBER 15, 2003 |
- Panama fails to send security plans
- Maersk incident turns political
- Dramatic halt to Gotland case
- UASC first half profits soar
- Exporters call for Chittagong reform
- Indian union showdown avoided
- Sealand Express repair work needed
- Anger over Belgian port strike
- Gold Star transfer for West Africa
- Salvage detention 'disgraceful'
- India proposes oil spill action
- Cenargo not out of the woods yet
- Alang gets tax cuts for scrap
- North Korean 'rhetoric' dismissed
- Reassessment follows refloating
- Tasman Spirit: salvors detained
- Typhoon Maemi hits Korean yards
- Korea acts to reduce typhoon havoc
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| SEPTEMBER 15, 2003 |
- Atlas to file for bankruptcy
The parent of Atlas Air and Polar Air Cargo plans to file for Chapter 11 bankruptcy protection in December.
- NOL: Freight rates up 26%
Neptune Orient Lines said average freight rates in August rose 26 percent year-on-year and 2.8 from the previous month.
- Busan port ravaged by typhoon
Emergency repairs have begun at South Korea's main Port of Busan, where 11 container cranes were flattened by the worst typhoon to hit the peninsula in a century.
- British airports cargo slumps
- Calif. lawmakers OK bunker exemption
- Union stages Europe port protests
- Sri Lanka box volume up 13%
- Contship ramps up India service
- UASC first-half profits surge
- KCS confirms talks to resolve Mexican rail deal
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| SEPTEMBER 15, 2003 |
- Montreal shippers fear Xmas fallout from Brampton dispute
Hundreds of Montreal importers have been plunged into shipping limbo due to the prolonged Toronto intermodal dispute that has sharply reduced traffic flows and created a huge cargo backlog.
- Eight cranes smashed as typhoon devastates Busan
Extensive crane damage, reported in Busan on Friday, as Typhoon Maemi swept through the region could mean a 12% fall in handling capacity, say local sources.
- Sealand Express is freed after a month trapped on a Cape Town beach
Stricken container vessel Sealand Express was finally dislodged from the sandbank on a beach outside Cape Town harbour which had kept it captive for several weeks.
- Maritime and shipper associations lobby ministers as intermodal protest intensifies
- Rates surpass year 2000 highs say NOL
- Howland Hook gets green light for port development plan
- Uniport can join the mega-shiphandling club says Vervat
- PONL Logistics partnership in Turkey formalised, widening gateway
- Bayonne, NJ, calls for 'expressions of interest' in former miliary site
- Dongnama Shipping Co improves service to Vostochny
- Ust-Luga container terminal accelerates completion
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| SEPTEMBER 15, 2003 |
- CP not done with growth mode
Miles sees opportunity even in firmer market.
- Gotland's Bo Petterson commits suicide
Swedish owner's technical director, who admitted taking bribes, has killed himself in jail.
- Six Daewoo LNG carriers hit by typhoon
Damage to Bergesen and Tapias ships causes water ingress in cargo tanks.
- China Merchants pours in more ports cash
Hong Kong-listed group's money earmarked for new facility planned in southern China.
- Baltimore Marine reaches end of line
Bankrupt US shiprepairer to be sold or auctioned by early November.
- Salvaged cargo wings to the web
Marine claims specialist WK Webster forms global auction alliance with SalvageSale.
- Sea-Land Express refloated
Salvors end a 26-day battle to get AP Moller boxship off the sands near Cape Town.
- Sheep marooned at sea
Animals offered free at any port as livestock trade hits headlines yet again.
- UASC bounces back
Arab container line announces hugely improved profits in the first half as rate restorations kick in.
- Swiss Re sparks IUMI fears
Withdrawal from hull market feared as top reinsurer focuses on bottom line.
- Samsung tanker and LNG ships damaged
Details of typhoon fallout start to emerge.
- Crew rescued as Ukrainian ship breaks up
Stern section of Ukricchflot vessel anchored off Romania after splitting in half in Black Sea.
- Oglebay Norton loosens covenant noose
US shipowner rejigs credit agreements to give it access to more cash.
- Korea counts the cost
Initial estimates put financial cost of damage from typhoon at over $1bn.
- Koje Island powerless
Samsung and Daewoo left without power until tonight at the earliest as yards determine extent of damage.
- Tranz Rail to buy leased ferry
New Zealand group moves for Aratere, thanks to potential new majority shareholder Toll Holdings.
- Devastation in Korea
Shipyards and ports hit badly by South Korea's worst typhoon in a century.
- NOL director is in the money
APL Logistics chairman wastes little time in cashing in on stronger share price.
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| SEPTEMBER 15, 2003 |
- COSCO, A.P. Moller discuss cooperation
- Sea-Land Express pulled off African beach after stranding
- European Parliament approves EU/China maritime agreement
- Delmas, Gold Star in joint Asia/West Africa service
- Carrier, shipper groups say container security begins with loading
- FMC to hold regulations seminars in Houston, Boston
- Lufthansa invests to handle more pharmaceutical shipments
- UPS will expand Thailand service after open-skies pact
- 3 NVOs attempt to further qualify UPS petition to FMC
- GeoLogistics names Seiple VP air products
- TMS picks TransCore's CarrierPoint management software
- Corps of Engineers considers impact of Long Beach Pier S proposal
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